Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: rkc5000 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121149  
Subject: Re: Identifying Shares To Be Sold Date: 11/2/2000 7:46 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thank you TMFTaxes  Roy

"You must have missed the Taxes FAQ"
No I read it and it said that one needs written
confirmation. American Express provides written
confirmation it is just not sent in the mail but
is on their web site.

Example from their written confirmation on
their web page:
 
Symbol Quantity Days Held Date Acquired Date Sold Cost Basis Sales Price Gain/Loss
CTAS     300        65      03/29/00    06/02/00  8,037.00 14,343.75   6,306.75
CRA       50        81      03/31/00    06/20/00  4,965.63  6,778.13   1,812.50

Because this cannot be changed by the user
and it is written at the time of the sell
it adheres to the rules as outlined in the
tax code. It is not simply "just something
in a "gain/loss worksheet"."

It is certainly better then a note from
a broker as it is real. Any personal broker
would give a good client what ever they want
but this system is automatic and is not
subject to a personal relationship.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Kate Spade's Wild Ride
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement